Bank of Baroda approves ₹2,000-cr loan for Bundelkahnd Expressway project

Bank of Baroda has sanctioned a loan of Rs 2,000 crore for the ambitious Bundelkahnd Expressway project, according to a release issued on Thursday by the Uttar Pradesh government.

Another milestone has been attained in the progress of Bundelkhand Expressway Project, aimed at development of Bundelkhand area of the state, it said.

For the financing of this prestigious project, Bank of Baroda Managing Director and Chief Executive Officer P S Jaykumar had given in-principle commitment of Rs 1,500 crore but on the initiative of the chief minister, the bank has now sanctioned investment of Rs 2,000 crore in this project as a part of the consortium loan of Rs 7,000 crore, the release said.